Hunter Valley Market Update 1 st H a l f 2 0 2 5
FUTURE DEVELOPMENTS
OVERVIEW
In Q4 2024, Hunter Valley* recorded a median house price of $741,500 and a median unit price of $535,000. This is a 12-month (Q4 2023 - Q4 2024) price growth of 6.7% for houses and softening of - 4.6% for units. Comparing Q4 2023 and Q4 2024, house sales remained stable (at 222 sales in Q4 2024) but unit sales grew by 2.9% (to 36 sales in Q4 2024). This confirms there is a highly demanded house market and an ideal time for owners to capitalise on their investments. Units have become slightly more affordable, creating an opportunity for first home buyers/ With little new ready-to-sell houses planned, buyers should act fast.
CHANGE FROM LAST
YEAR
Hunter Valley£ will see approximately $137.4 of new projects commencing construction in 2025.
Residential Commercial $38.5M $50.7M
HALF YEAR
HOUSE SALE S
Mixed-Use
HOUSE ME DIAN PRICE
Projects $34.1M
HOUSE RE NTAL PRICE
UNIT ME DIAN PRICE
Key residential projects include:
UNIT RE NTAL PRICE
$ MARKET CONDITIONS
$741K
MEDIAN PRICE Q4 2024
$620
SALES
$535K
AVERAGE DAYS ON MARKET Q4 2024
50
39
HOUSE
U N I T
RENTALS
$500
$11.1M
The main commercial project set to commence in 2025 is Symrise Pet Food Manufacturing Facility ($28.5M), which will bring new jobs to the area.
UNIT SALE S
MEDIAN PRICE Q4 2024
Industrial
•
39 & 41 Fairfax Street (21 Units & 22 Residential Subdivisions)
•
Banks Street (8 Townhouses)
•
6 Wilton Drive & Mount Vincent Road Stages 1-3 (77 Lots)
•
87 Banks Street (4 Dwellings)
Although there are several residential projects in the pipeline, this will mostly deliver land lots; which will take time to develop into ready-to-sell stock. As there is only a small amount of ready-to-sell stock coming onto the market in 2025, this will continue to put pressure on the house market, which will likely lead to higher prices.
AVERAGE DAYS ON MARKET Q4 2024
19
20
HOUSE
U N I T
39 Units/ Apartments
15 Townhouses
16 Dwellings
149 Lots